Healthcor Management buys $66,511,500 stake in HealthSouth Corp (HLS)

HealthSouth Corp (HLS) : Healthcor Management scooped up 200,000 additional shares in HealthSouth Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,650,000 shares of HealthSouth Corp which is valued at $66,511,500.HealthSouth Corp makes up approximately 4.37% of Healthcor Management’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in HLS in the latest quarter, The investment management firm added 3,005 additional shares and now holds a total of 23,790 shares of HealthSouth Corp which is valued at $958,975.Geode Capital Management reduced its stake in HLS by selling 6,107 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 618,658 shares of HLS which is valued at $24,133,849. HealthSouth Corp makes up approx 0.01% of Geode Capital Management’s portfolio.Ridgeworth Capital Management reduced its stake in HLS by selling 3,720 shares or 19.84% in the most recent quarter. The Hedge Fund company now holds 15,030 shares of HLS which is valued at $586,320. HealthSouth Corp makes up approx 0.01% of Ridgeworth Capital Management’s portfolio.Tower Research Capital (trc) boosted its stake in HLS in the latest quarter, The investment management firm added 4,061 additional shares and now holds a total of 4,987 shares of HealthSouth Corp which is valued at $204,567. HealthSouth Corp makes up approx 0.02% of Tower Research Capital (trc)’s portfolio.New York State Common Retirement Fund boosted its stake in HLS in the latest quarter, The investment management firm added 58,499 additional shares and now holds a total of 247,991 shares of HealthSouth Corp which is valued at $10,172,591. HealthSouth Corp makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.

HealthSouth Corp opened for trading at $40.96 and hit $41.24 on the upside on Monday, eventually ending the session at $40.97, with a gain of 0.27% or 0.11 points. The heightened volatility saw the trading volume jump to 7,87,767 shares. Company has a market cap of $3,679 M.

On the company’s financial health, HealthSouth Corp reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.60. The company had revenue of $926.80 million for the quarter, compared to analysts expectations of $915.18 million. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on HealthSouth Corp. HealthSouth Corp was Downgraded by Mizuho to ” Neutral” on Nov 9, 2016. Company shares were Reiterated by RBC Capital Mkts on Oct 31, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $46 .

HealthSouth Corporation (HealthSouth) is an owner and operator of inpatient rehabilitation hospitals. The Company’s inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses which include physical and cognitive disabilities or injuries due to medical conditions such as strokes hip fractures head injuries spinal cord injuries and a variety of debilitating neurological conditions. HealthSouth operates in around 33 states across the United States and in Puerto Rico and serves patients through its network of inpatient rehabilitation hospitals home health agencies and hospice agencies. The Company’s inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses. As of December 31 2014 the Company operated 107 inpatient rehabilitation hospitals. The Company’s inpatient hospitals are concentrated in the eastern half of the United States and Texas.